SINGLE FAMILY RESIDENCE (SFR) >> A standard home with no common areas, no homeowners? dues or sharing of common walls. A home intended to be occupied by 1 family.

SITE ANALYSIS >> The study of a specific land parcel to determine its suitability for a specific use. For example, if the study of the land parcel reveals it should be used for industrial purposes, yet it?s currently being used for residential purposes, then, upon review of the appraisal report, the reviewer would want to take this information into consideration when determining if the loan?s collateral is sound.

SLAB >> A concrete floor used as a foundation in homes without a basement.

SOCIAL SECURITY AWARD LETTER >> Documentation specifying the frequency and amount of Social Security payments an individual is eligible to receive. Social Security Award Letters are re-issued annually.

SOLE OWNERSHIP >> Legal title in a single individual or an entity.

SOLE PROPRIETORSHIP >> Ownership of a business, with no formal entity as a vehicle or structure. The sole proprietorship reports its tax information on Federal tax form 1040.

STANDARD COVERAGE POLICY >> A title insurance policy used in several states, not having as broad a coverage as the nationally recognized American Land Title Association policies.